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Nigeria’s Access Bank plans to grow its trade payment and settlement service over the next five years as foreign lenders faced with increased regulation at home cut their correspondent banking exposure to West Africa.

So-called correspondent banking operations boomed over the last decade as commodity prices spiked and offshore lenders looking to tap into trade flows to Africa extended lines of credit to governments and businesses.

But most are now scaling back as shaky African economies face low commodity prices creating payment hiccups, a gap which Access Bank is aiming to fill, the Nigerian bank’s chief executive Herbert Wigwe told Reuters.

Wigwe said Nigeria’s fourth biggest bank already has operations in Britain and Dubai and was looking to establish relationships in Hong Kong and the United States where some of the trade flows originate.

But it would also need to upgrade its technology and compliance procedures, he said.

Wigwe did not give a figure on how this would impact profit but said intra-African payments hit $160 billion a year and that Access was looking to increase its share significantly.

In October, Access posted group pretax profit of 72.91 billion naira, up 5.7 percent from a year earlier.

“Some countries in West Africa are becoming disintermediated. The large Western banks ... as a result of (the) huge cost of compliance, they basically need to leave,” he told Reuters in an interview.

On Friday, Barclays said it will end its more than 90-year presence in Africa after selling a seven percent stake in Barclays Africa to focus on the U.S. and Britain.

Offshore lenders cut back correspondent banking services to Nigeria in part due to a currency crisis caused by a sharp fall in oil prices mid-2014, while increased regulation at home and higher capital requirements have also proved problematic.

Wigwe said the Nigerian bank will inject $50 million into its Ghanaian unit to comply with a Ghana central bank directive.